Social Security Crisis Looms by 2032 | Huntsville News

Social Security and Medicare face looming cuts by late 2032—potentially slashing benefits by 22% and 11% respectively—with millions of seniors bracing for a financial blow, especially low-income retirees where cuts hit harder as a share of income. Without congressional action, trust funds could run dry in Q4 2032 after 16 years of spending exceeding income, threatening up to $500/month reductions in 29 states and $16,900 annually for dual-earning couples.

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